šŸ’° Financial Performance

Revenue Growth by Segment

Revenue for FY 2024-25 was INR 8.30 Cr, a decrease of 10.9% from INR 9.32 Cr in FY 2023-24. While specific segment percentages are not disclosed, the company identifies BFSI, Fintech, and NBFC as its core revenue-generating segments.

Geographic Revenue Split

Not disclosed in available documents, though the company is strategically focused on increasing technology exports through offshore delivery capabilities.

Profitability Margins

PAT margin for FY 2024-25 was 7.68% (INR 0.64 Cr PAT on INR 8.30 Cr revenue). For H1 FY26, the PAT margin remained stable at approximately 7.68% (INR 0.64 Cr PAT on implied revenue of INR 8.30 Cr).

EBITDA Margin

EBITDA margin for H1 FY26 was approximately 21.8% (INR 1.81 Cr EBITDA on INR 8.30 Cr revenue), a slight decline from 22.6% in H1 FY25, primarily due to a 162.8% increase in other expenses.

Capital Expenditure

Capital expenditure for H1 FY26 was INR 0.18 Lakh, a significant reduction from INR 65.32 Lakh in H1 FY25.

Credit Rating & Borrowing

Not disclosed in available documents; however, the company maintained a low Debt-Equity ratio of 0.05 as of March 31, 2025.

āš™ļø Operational Drivers

Raw Materials

As an ITeS company, primary 'raw materials' are human capital (employee benefit expenses) and technology infrastructure (software licenses and digital rails).

Capacity Expansion

The company is expanding its offshore delivery capabilities to support managed services and technology exports, though specific unit capacities are not disclosed.

Raw Material Costs

Employee benefit expenses for H1 FY26 were INR 1.17 Cr, representing approximately 14% of revenue.

Manufacturing Efficiency

Not applicable for ITeS operations.

Logistics & Distribution

Not applicable for ITeS operations.

šŸ“ˆ Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

Growth will be achieved by consolidating leadership in tech-enabled financial operations, expanding managed services under SLA-driven models, developing co-innovation partnerships with fintechs, and increasing technology exports through offshore delivery.

Products & Services

Managed services, digitized financial process modules, eKYC standard integration, and RegTech solutions for financial operations.

Brand Portfolio

Quadpro ITeS Limited.

New Products/Services

Managed services under SLA-driven models and co-innovation modules for fintech customer onboarding.

Market Expansion

Targeting technology exports through offshore delivery capabilities and expanding presence in the private sector financial inclusion segment.

Strategic Alliances

Co-innovation partnerships with fintech companies (specific partner names not disclosed).

šŸŒ External Factors

Industry Trends

The industry is shifting toward AI-as-a-Service, RegTech, and digital customer lifecycle solutions. Quadpro is positioning itself as a niche player in financial operations automation.

Competitive Landscape

Operates in a competitive ITeS landscape with specialized players in financial operations and digital infrastructure.

Competitive Moat

The company's moat is built on niche specialization in tech-enabled financial operations and regulatory compliance for the BFSI sector, which is sustainable due to high switching costs and complex regulatory requirements.

Macro Economic Sensitivity

Highly sensitive to digital disruption trends and the convergence of financial services and technology, which drive demand for RegTech.

Consumer Behavior

Increasing demand from financial institutions for secure, agile, and data-driven digitized processes.

āš–ļø Regulatory & Governance

Industry Regulations

Operations are governed by data protection laws, KYC norms, eKYC standards, and fintech regulations which require constant agility and compliance.

Taxation Policy Impact

The effective tax rate for H1 FY26 was approximately 24.7% (INR 21.00 Lakh tax on INR 84.76 Lakh PBT).

āš ļø Risk Analysis

Key Uncertainties

RPA adoption cycles (potential for delayed implementation) and talent volatility (high demand for digital resources impacting cost structures).

Third Party Dependencies

Dependency on fintech partners for co-innovation and technology infrastructure providers.

Technology Obsolescence Risk

High risk due to rapid digital disruption; mitigated by a strategic focus on technology maturity and AI-as-a-Service.

Credit & Counterparty Risk

Receivables quality is a concern as the debtor turnover ratio declined 25.8% from 3.37 in FY24 to 2.50 in FY25.